For Sale
$2,270,000

8431 Colonial DrOrlando, FL 32817

High-traffic corner lot, dual-tenant retail.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Orlando investment opportunity features a fully operational gas station and convenience store with a second tenant, a grocery store with a full kitchen. Located on a high-traffic corner lot at the first exit off Highway 417 onto Colonial Drive, this property boasts over 45,000 average daily vehicles passing by. The 4,235 square foot building sits on a 0.71-acre lot and includes 11 parking spaces. The gas station features 8 pumps (4 double-sided) with 3 fuel grades and 1 diesel pump, updated credit card payment systems, and energy-efficient LED lighting. Double-walled gas tanks ensure environmental compliance. The property benefits from a Triple Net Lease (NNN) with two tenants, providing a stable income stream. The convenience store occupies 1,693 square feet, and the grocery store/mini-mart with a full kitchen occupies 2,542 square feet. Additional revenue streams include an ATM and lottery sales. The property underwent recent upgrades, including a new roof and exterior paint in 2024. This 100% occupied, multi-tenant property offers a 4.50% cap rate and is priced at $2,270,000 ($536.01/sq ft). The current lease terms have one year remaining. Built in 1976, this single-story building presents a strong value-add investment opportunity with immediate returns and long-term growth potential.

Highlights

  • $2,270,000 asking price for a value-add retail investment.
  • 4,235 square feet on a 0.71-acre lot in Orlando, FL.
  • Triple Net (NNN) lease with two tenants, 100% occupancy, and one year remaining on the lease.
  • 4.50% cap rate.
  • Property includes a gas station with eight pumps and a convenience store, plus a separate grocery store with a full kitchen.

Property Details for 8431 Colonial Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,235 SF
Year Built
1976
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.56875337142
Longitude
-81.272436174995
8431 Colonial Dr, Orlando, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8431 Colonial Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message